Do I need health insurance?

It's essential that you have adequate health insurance cover to reduce the risk of financial difficulties in the event of a major illness or hospitalization.Get answers to more questions.

Apnainsurance.com Research Bureau

03 Dec 2007

Yes, health insurance IS essential.

According
to recent studies, healthcare costs have been rising at more than 20 per cent
on an annualized basis. Also, out-of-pocket spending continues to be around 75
per cent of the total medical expenses. Given this increasing cost of medical
care and treatment, it becomes essential that you have adequate health insurance cover to reduce the risk of financial difficulties in the event of a
major illness or hospitalization. Even the government is getting into the act -
to reduce the exorbitant out-of-pocket spending, it has been promoting low-cost
health care plans.